Following the U.S. airstrikes against Iran on Saturday, the price of bitcoin slid beneath the $100,000 zone for the first time in 46 days. Bitcoin’s reaction has caused a wave of people to share their two cents on how BTC will continue to perform during the conflict in the Middle East.
Bitcoin’s $100K Armor Cracks — Is a Bull Reversal or Breakdown Coming?
Ten minutes shy of noon on Sunday, Eastern time, bitcoin (BTC) is gliding at $99,199 per coin. The latest price action follows Saturday’s U.S. airstrikes on Iran and reports that Iran’s parliament signed off on a plan to shut down the Strait of Hormuz the next day. As tensions between Israel and Iran have intensified over the last two weeks, BTC hasn’t delivered the kind of refuge many expect from it.
By 12:30 p.m. Eastern time on Sunday, BTC was below the $99,000 range and reached a low of $98,723 per coin.
Still, true believers chalk this up to a temporary pause in the broader bullish march. Adrian Morris took to X with a calming message: “Everybody, chill. In cycles past bitcoin would be down 20% by now. The fact that it’s currently chilling around $100K with all this tomfoolery going on is rather encouraging.”
Meanwhile, Pete Rizzo, the Bitcoin Historian, didn’t hold back: “If you’re selling the world’s strongest, most politically neutral safe haven asset because of political turmoil, you deserve to buy back higher.”
Even Michael Saylor jumped in, teasing another potential BTC buy by posting an image of the Strategy Tracker along with the line:
Nothing Stops This Orange.
James Lavish shared his opinion: “If you are selling bitcoin because of the possibility of the world going to war, you have absolutely no idea what you own.” The X account dubbed Merlijn The Trader, insisted that the “Fear of war is loud. But facts are louder.” Merlijn added, “In 2022, [bitcoin] pumped +42% in 35 days after the Ukraine war began.” He further noted that we’re still in a bull market and asked:
What happens if history repeats with more fuel?
Despite the jitters triggered by conflict headlines, bitcoin’s current behavior may be less a flight response and more a moment of strategic stillness. Seasoned bitcoin holders appear largely unfazed, suggesting that recent fluctuations may reflect transient fear rather than foundational weakness. If the past holds any clues, this calm amid chaos could signal an upcoming recalibration, not a retreat.
What’s left unsaid by price alone is the deepening psychological split between conviction and confusion. On one side stand those interpreting bitcoin’s dip as a misread of its role during crisis; on the other, those quietly accumulating. With geopolitics in flux and narratives colliding, the next chapter for bitcoin may be driven as much by belief as by market mechanics.
By 12:30 p.m. Eastern time on Sunday, BTC was trading below the $99,000 range at $98,794 per coin.
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